The re/insurance market is hardening, that is now a given. During virtual Monte Carlo 2020, industry professionals shared their thoughts on how this hardening market will play out and how the impacts of COVID-19 will feed into this ever shifting picture.
COVID-19 is making organisations take a closer look at their risk management programmes. Speaking at Airmic Fest last week, Bradley Saunders, industry risk leader, Marsh Advisory, outlined the process for improvement.
The global pandemic has created a real imperative for modernising the claims process, argues Ashi Bagdadi, corporate vice president, insurance for WNS, ahead of a webinar on the issue.
The COVID-19 pandemic has created a specific set of challenges for risk and insurance managers. Dirk Wegener, president of FERMA, told Intelligent Insurer how the association is responding to their needs.
A combination of COVID-19 claims, a massive casualty hole and challenges on the asset side of the balance sheet mean the industry is facing an unprecedented crisis that will lead to an elongated hard market, Stephen Catlin, the CEO of Convex, told Intelligent Insurer.
Loss estimates for hurricane Laura are diverse and vague. Steve Smith, director, insurance product and modelling for QOMPLX, says he knows why – and what to do about it.
Two executives (both under 35) tipped for the top, share their insights with Intelligent Insurer on how to recruit and retain fresh talent, develop next generation skills and ensure the valuable work to create a more diverse workforce continues.
Timing of renewals is also a concern, says Skinner ahead of Airmic Fest.
The virtual Airmic Fest aims to offer the best qualities of a live event, but in an online format.
Lloyd’s always has a strong presence at Airmic’s annual conference and this year’s online Airmic Fest is no exception. Keith Stern, UK & Ireland regional manager at Lloyd’s, told Intelligent Insurer what lies in store.